LNG Shipping Costs Soar to 8-Month High Amid Middle East Turmoil ...Middle East

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LNG Shipping Costs Soar to 8-Month High Amid Middle East Turmoil
source : OILPRICE ( Middle East ) () 79
LNG shipping costs have surged to the highest in eight months as shipowners assess Middle East risks and hold off chartering vessels, reducing available ships, while price signals in Asia are favoring cargoes going to the Pacific market. Both the Atlantic and Pacific freight rates jumped on Monday to their highest levels since October 2024, but the Atlantic shipping rates were much higher, according to data from Spark Commodities cited by Reuters. Spark Commodities assessed that the daily rate for chartering the most common type of LNG carrier…

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